Tesla Isn’t a Car Company Anymore. That’s Either the Smartest Bet in History or the Dumbest.
Tesla’s profit slide isn’t a warning sign — it’s a deliberate strategy. The company is using its automotive cash machine to fund an audacious pivot into AI and robotics. The real story isn’t declining margins; it’s whether Tesla is becoming an AI company that happens to make cars, or a car company that’s losing its way. The answer determines whether the stock is a steal or a trap.